Watch the recent PACE Hosted Webinar “Using Bill of Materials (BOM) Cost Forecasting to Drive Profitability”, featuring Michael Rea, PlaidCloud co-founder, recorded Thursday, July 31, 2025, at 11 AM EST. The session focused on improving financial performance by applying real-time data integration and analytics to BOM cost forecasting to identify key cost drivers and enhance decision-making.
WATCH HERE — https://youtu.be/pwJXS5SOFdI?si=vV5wL1Mh3Vfh_nVJ
Key Takeaways from the Webinar Streamline BOM Cost
- Forecasting — Participants learned how to use real-time data integration and analytics to simplify the BOM cost forecasting process.
- Analyze Key Cost Drivers — The webinar covered how to analyze and understand the impact of raw material fluctuations, tariffs, and engineering changes on profitability.
- Leverage Emerging Technologies — Attendees were introduced to technologies like Artificial Intelligence (AI) and Machine Learning (ML) for enhancing profit optimization and cost prediction.
- Generate Data-Driven Insights — The session provided a practical framework for generating insights from case study scenarios to make faster and smarter product cost management decisions.
- Compare Forecasting Methods — The presentation compared traditional versus advanced forecasting methods to highlight profitability improvement opportunities through technology-driven analysis.
